The SEC Has an Opportunity You Won’t Want to Miss: Act Now!

It seems the SEC has developed a sense of humor! They created a website called HoweyCoins.com, faking a scam to educate investors about what to look for before they invest. Anyone who clicks on “Buy Coins Now” will be led to investor education tools and tips from the SEC and other financial regulators.

Howeycoins even includes a white paper with the usual complex and vague explanation of the investment opportunity. The project promises guaranteed returns and there is a countdown clock to show there is not much time left.

The website’s name, HoweyCoins, is a reference to the Howey test that is used to determine whether a transaction is an investment contract.

In a landmark 1946 U.S. Supreme Court decision, SEC v. W.J. Howey Co., the Court held that a transaction is an investment contract, or security, if “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”

Remember, the best way to protect your money is to do your own due diligence. Research investments and the people who sell them extensively.

Source: SEC

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